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VIX ETFs Rise After S&P 500 Clears 1,500

Volatility-linked exchange traded products such as iPath S&P 500 VIX Short Term Futures ETN (VXX) bounced a little on Thursday after grinding down to fresh all-time lows to start the year. Some equity investors appeared to be hedging in the options Thursday market after the S&P 500 briefly rose above the key 1,500 mark.

The CBOE Volatility Index, or VIX, is hovering near a five year-low. However, one option trader believes that the VIX and related exchange traded funds are not really that low.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.